Financial Statement Detective Exhibit 1 shows the common-size balance sheets and income statements of nine companies operating in different industries, headquartered in various countries and using different accounting systems as described below. Use your economic intuition and the financial information cues provided to match the companies and industries listed below with those depicted in the exhibit.

ArcelorMittal

ArcelorMittal is the largest steel producing company in the world. It is the result of the mergers of several Indian and European companies. It is controlled by Lakshmi Mittal, one of Indias richest tycoons. Headquartered in Luxembourg, it is listed on the NYSE and on several European exchanges.

Baidu

Baidu is a Chinese web services company. Its services include a Chinese search engine, search and community services such as an online collaboratively-built encyclopaedia, and a searchable keyword-based discussion forum. Established in 2000, its estimated market share in China was 83.6% at the end of 2010. In December 2007, it became the first Chinese company to be included in the NASDAQ-100 index.

Carrefour

Carrefour is a French international hypermarket chain. It is the second largest retail group in the world in terms of revenue. Carrefour operates in Europe, Argentina, Brazil, China, Colombia and the Dominican Republic, and also has shops in North Africa and other parts of Asia. It is part of the French CAC 40 index.

ISS

ISS is one of the world's leading facility services groups, providing services such as cleaning, catering, office support, property service, security and facility management. Based in Denmark, ISS operates in over 50 countries around the world. The total number of employees in the group reached 530,000 in 2013, partly through acquisitions.

Epigenomics

Epigenomics is a German molecular diagnostics company focusing on the development and commercialization of diagnostic tests for cancer. These tests potentially address millions of individuals in each of the major markets. While some tests lend themselves to partnering with established diagnostics industry players, others are commercialized by Epigenomics. The company is listed in Germany.

McDonalds

McDonalds is an American fast food company. McDonald's is the world's largest restaurant chain by revenue, serving over 69 million customers daily in over 100 countries across 37,855 outlets as of 2018. It is listed on the NYSE.

Novartis

Novartis is a multinational pharmaceutical company based in Switzerland. It provides healthcare solutions. The company offers a portfolio focused on broad areas of healthcare: innovative prescription medicines, cost-saving generic pharmaceuticals, preventive vaccines and consumer health products. It is listed on the NYSE.

Petrobras

Petrobras is a semi-public Brazilian multinational energy company. It is the largest company in Latin America by market capitalization and revenue, and the largest company headquartered in the southern hemisphere by market value. It is listed on several North and South American and European exchanges.

Unilever

Unilever is a British-Dutch multinational corporation that owns many of the world's consumer product brands in foods, beverages, cleaning agents and personal care products. It is a duallisted company consisting of Unilever N.V. in Rotterdam (Netherlands) and Unilever PLC in London. Both companies have the same directors and operate as a single business.

Exhibit 1 Common-Size Financial Statements Exhibit 1 Common-Size Financial Statements